PayPal Shares Plunge 17% as Revenue Forecast Misses Estimates, Cuts Year Outlook
PayPal reported Q4 revenue that was in line with Wall Street’s estimates, but missed profit forecast and cut its outlook, according to a press release by PayPal on Tuesday. The...
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Solana Partners With Circle to Launch Solana Pay to Boost Crypto E-commerce
Solana launches its own decentralized payments protocol, Solana Pay that will allow clients and merchants to use digital assets, according to a report by CryptoBriefing on Tuesday. Solana Labs has...
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Asia’s Richest Families Are Now Worth More Than Singapore’s GDP
Asia’s richest families have become even richer this year to have a cumulative wealth higher than the gross domestic product of Singapore, Bloomberg reported. The 20 richest families in the...
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Belgium’s Christophe De Beukelaer Welcomes Salary in Bitcoin
Belgian Member of Parliament Christophe De Beukelaer is the first European politician to receive their salary in the form of Bitcoin, CoinTelegraph reported. Beukelaer — who represents Humanist Democratic Centre...
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Robinhood Posts Worse-Than-Anticipated Loss in Q4 on Higher Administrative Costs
Robinhood Markets Inc’s share dropped 14% in pre-market trading after the exchange posted a loss of $423M for the fourth quarter, according to a report by Robinhood on Friday. The...
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Warner Music Eyes Digital Music Theme Park in Sandbox
American entertainment and record conglomerate Warner Music Group Corp. is looking to dive into the metaverse with a music-focused theme park, CoinDesk reported. The theme park will be part of...
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McDonald’s Earnings Up Double Digits on Price Increases
McDonald’s Corp. posted double-digit growth in its fourth-quarter and full-year 2021 earnings as sales improved due to price hikes and marketing initiatives, the fast-food giant reported in a filing. McDonald’s...
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As Cathie Wood’s Funds Plunge, Anti-ARK ETF Amasses $334 Million in Cash Inflows
As Cathie Wood’s innovation-based ETFs have plunged in a recent crash, more investors are betting on an even worse future, according to a report by MarketWatch on Thursday. The Tuttle...
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Intel Corp. Expects Revenue to Moderate After Record Earnings in Q4 2021
Tech firm Intel Corp. expects its revenue to moderate in the first quarter of the year after posting historic highs in the previous quarter, the company announced in a filing....
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Apple Back as China’s Top Smartphone Maker
Tech giant Apple Inc. has taken back the top spot in the Chinese smartphone market as its major rival was hit by sanctions imposed by the United States, FT reported....
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Dogecoin Jumps 8% After Musk Called on McDonald’s to Accept Token as Payment
Elon Musk’s influence over the price of Dogecoin continues after a Tuesday tweet from Tesla boss, according to a tweet by Elon Musk on Tuesday. Musk tweeted on Tuesday morning...
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GE Eyes Return to Revenue Growth in 2022
Conglomerate General Electric Company (GE) in a regulatory filing, said it is optimistic to return to revenue growth this year, banking on the recovery of the commercial market following the...
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